Sectors of Business

Present Interest
Rate (Mid Rate)

Agricultural Loans:

• Term Loan (Both Short Term & Long Term)

11.50%

• Revolving Credit

11.50%

Term Loan:

• Industrial / Manufacturing Project

14.00%

• Other Term Loans

14.00%

Working Capital Financing:

• Industrial / Manufacturing Project

14.00%

• Work Order / Supply Order

15.50%

• Export Loan (PC)

7.00%*

• Trade Financing/Business Loans

15.50%

• Import financing of rice, wheat, edible oil (refined and crude), pulse, peas, onion, dates and sugar

14.00%

Financing to Small & Medium Enterprise

• With BB refinancing

15.00%*

• Without BB refinancing

16.00%

Loans to NBFIs

14.00%

Lease Finance/Hire Purchase

14.50%

House Building Loan (HBL)

• Residential

14.00%

• Commercial

14.00%

Loans against FDR

FDR Rate + 3.00%* upto 80.00%

Loans against Scheme Deposits of the Bank

Scheme Deposit Rate + 3.00%*

Special Credit  Schemes

• Loans under schemes

• Doctors’ Credit Scheme

• Interest Rate

18.00%*

• Loan Processing Fee

1.00%

•  Any Purpose Loan (Personal Loan Scheme)

• Interest Rate

18.00%*

• Loan Processing Fee

1.00%

• Risk Fund

1.00%

• Car Loan Scheme

• Interest Rate

18.00%*

• Loan Processing Fee

1.00%

• Home Loan Scheme

• Interest Rate

16.00%

• Loan Processing Fee

1.00%

• House Furnishing Loan (Consumer Loan Scheme)

• Interest Rate

18.00%*

• Loan Processing Fee

1.00%

• Risk Fund

1.00%

• Women Entrepreneurs Development Scheme

10.00%**

• Rural Development Scheme

14.00%*

• Overseas Employment Loan Scheme

14.00%*

Financing Solar Energy & Bio-Gas project under BB refinance

• Direct lending to ultimate beneficiary

9.00%**

• Lending through NGO linkage

10.00%**

• Financing Effluent Treatment Plant (ETP)

9.00%**

• Cottage Loan

• Interest Rate

16.00%*

• Loan Processing Fee

0.50%

• Education Loan

• Interest Rate During Moratorium Period

10.00%*

• Interest Rate After Moratorium Period

12.50%*

Other Loans & Advances

15.50%